Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
US Dollar/Costa Rican Colon (FOREX:USDCRC)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDCRC
The long term trend has been UP since Aug 31st, 2018 at 571.115
The intermediate term trend has been DOWN since Feb 19th, 2019 at 606.140
The short term trend has been DOWN since Feb 12th, 2019 at 612.970
Smart Scan Analysis for USDCRC
Based on a pre-defined weighted trend formula for chart analysis, USDCRC scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).